The most severely inverted yield curves – after those countries involved in the eurozone debt crisis – are found in two emerging market favourites View full post on Business Stories
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YSPs At Issue in $1 Million Settlement
May 28th, 2011
davidguide A settlement in a class-action lawsuit will cost Fairway Independent Mortgage Corp. more than $1 million. At issue are alleged undisclosed yield spread premiums and claims of mortgage fraud by a Missouri originator. The lead plaintiffs claim that Fairway, as a mortgage broker, had a fiduciary duty to provide them with the least expensive loan [...]
Rates Might Relent
January 28th, 2011
davidguide The average 30-year fixed-rate mortgage increased 6 basis points in Freddie Mac’s weekly survey. Since a week earlier, the yield on the 10-year Treasury has fallen, according to data from the Department of the Treasury. Given the rise in the 30-year loan, mortgage rates are likely to be around 10 BPS better in next week’s [...]
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